I really want to see this league happen. Would much rather prefer 24, though would play 16 if nec.

C'mon boys! This should be a fun strategic challenging league

16 would actually be interesting, since the teams would really be "screwed". I would consider putting restrictions on rosters though if that were the case.

is there a minimum salary you must meet to start ?

No. As with the position requirements, with the limited player pool I don't think it is going to be an issue. My number I posted of 824 players is actually too much, because I didn't factor in partial seasons and such. So there is actually less than 800. Over 3/4 of the players will be drafted. And there are a good deal of players with one or two really bad seasons, but those guys are not so valuable because the team can get rid of them quickly and replace them with top talent from the draft.